Commerce Bank Takes $289,000 Position in Cadre Holdings, Inc. (NYSE:CDRE)

Commerce Bank purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,950 shares of the company's stock, valued at approximately $289,000.

Several other hedge funds have also made changes to their positions in CDRE. Assetmark Inc. acquired a new stake in Cadre in the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Cadre by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock worth $99,000 after acquiring an additional 1,048 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cadre in the 4th quarter valued at approximately $100,000. US Bancorp DE raised its holdings in shares of Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after purchasing an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cadre by 1,451.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock worth $137,000 after purchasing an additional 3,977 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.00% of the company's stock.

Cadre Stock Down 0.5 %

NYSE:CDRE traded down $0.15 during trading hours on Wednesday, hitting $29.17. The company's stock had a trading volume of 341,656 shares, compared to its average volume of 244,204. The stock has a fifty day moving average of $31.20 and a 200-day moving average of $33.85. The stock has a market capitalization of $1.19 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company had revenue of $175.98 million during the quarter, compared to analysts' expectations of $170.95 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business's revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.30%. Cadre's dividend payout ratio is presently 42.22%.

Cadre Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.